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Bernanke's opposing views on the Great Depression?? "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I w

• mothballed 1y ago
  Read "Conflicting Lessons of the Great Depression"[] chapter of Ben Bernanke versus Milton Friedman The Federal Reserve’s Emergence as the U.S. Economy’s Central Planner for a summary of differing or opposing viewpoints. From the introduction: ...As Bernanke, while still only a member of the Fed’s board of governors, said in an address at a ninetieth-birthday celebration for Friedman: “I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again” (2002b). This seeming similarity, however, disguises significant differences in Friedman’s and Bernanke’s approaches to financial crises... https://www.sjsu.edu/people/tom.means/courses/econsymposium/s1/tir_15_04_1_hummel.pdf https://www.sjsu.edu/people/tom.means/courses/econsymposium/...